State Farm to slash $2 billion in car-insurance premiums amid pandemic
April 09, 2020 at 17:43 PM EDT
The nation’s biggest car insurer, State Farm Mutual Automobile Insurance Co., is slashing $2 billion of premiums owed on 40 million vehicles, making it the latest carrier to offer a financial-relief program for consumers as auto claims have plunged under shelter-at-home restrictions.